Millions of families across the EU are in a situation of over indebtedness, millions more don’t have access to a basic bank account, another few million don’t have access to basic loans such as mortgage credit in order to buy a home where they can thrive as a family.

COFACE-Families Europe advocates for more responsible lending via for example thorough credit worthiness checks, credit guidance to ensure that credit is allocated for productive activities (funding the real economy), and access to better information and independent quality financial guidance for families. COFACE-Families Europe also defends the right to the access of a basic bank account for all EU citizens without any form of discrimination. COFACE-Families Europe underlines the necessity for all families to have access to certain financial products such as mortgage credit, pensions and saving products to ensure that they can make long-term life investments which are essential for their family life. When families fall into over-indebtedness, it is essential that all Member States provide the right to debt settlement and a fresh start to allow for families to quickly return to the labour market and prevent a negative spiral which ends up costing society more than a full discharge.

As an extension to the financial inclusion policy measures, COFACE-Families Europe has broadened its scope of reflections to encompass a critical examination of our current economic, financial and monetary system, to ensure that they serve society and the general interest as opposed to serving the interests of a select few. Addressing questions such as understanding how money is created, what are the implications of a debt based monetary system and what policies should be put in place to foster positive sustainable growth are at the heart of our reflections.

Key documents:

Report of the seminar “Economics at the Service of Society” organized by COFACE-Families Europe (2019)

Report on social policy and mortgage lending (2018)

Paper written for the FSUG: Assessment of current and future impact of Big Data on Financial Services (2016)

Compendium on financial inclusion (2016)

Paper written for the FSUG: Assessing the impact of credit data on preventing over-indebtedness, contributing to prudential regulation and facilitating access to affordable and quality credit (2015)

Financial inclusion policy brief (2012)

Credit Insurance policy brief (2012)


Accessible and fair financial services for all (2015)


COFACE Families Europe Fighting Over-indebtedness

COFACE Families Europe Fighting over-indebtedness

Last year, Families Europe contributed to a Spanish book entitled “Preventing over-indebtedness: towards responsible lending and consumption” which is now available online (La prevención del sobreendeudamiento privado. Hacia un préstamo y consumo responsables), writing about the Belgian public credit register…

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Compendium On Financial Inclusion

Compendium on Financial Inclusion

COFACE has always considered financial inclusion as one of its priorities, especially since access to some financial services like a basic bank account is a pre-condition for social inclusion. The initiatives included in the "COFACE Compendium on Financial Inclusion" deal…

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EIGE’s Expert Meeting On Women And Poverty

EIGE’s expert meeting on Women and Poverty

In the framework of EIGE’s work on good practices, COFACE was invited to participate in the expert stakeholders’ meeting to select a number of practices on “Women and Poverty: Non-monetary measures to tackle women’s poverty and social exclusion”. In particular,…

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Baby Milk Needs To Be Better Regulated

Baby milk needs to be better regulated

In the wake of the European Parliament's vote on the 14th of June 2012 on the Report “Food intended for infants and young children and food for special medical purposes”, COFACE expresses its regrets that a precautionary stance preventing parents…

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